3 ms·
Goodhart's Law [1] applies to this situation. I expect master's degrees to become more common and less rigorous. The whole qualification and lottery immigratio
by quotemstr 8y ago
Goodhart's Law [1] applies to this situation. I expect master's degrees to become more common and less rigorous.
The whole qualification and lottery immigration system is, at best, economically inefficient. Instead of bothering with salary bands and education requirements, the government should auction off work visas, thereby ensuring that slots go to their most economically productive use. A cap-and-trade system lets the market find its own level.
[1] https://en.wikipedia.org/wiki/Goodhart%27s_law https://en.wikipedia.org/wiki/Goodhart%27s_law